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Why I'm Still Bullish About the State of Edtech

Edsurge

In the next few days, thousands of edtech entrepreneurs, investors, educators and policymakers will flood a hotel in San Diego to attend the Mecca of Education Innovation Optimism known as ASU GSV. So now is the perfect time to reflect on the state of edtech. NYSE: COUR), Udemy, Inc. NASDAQ: UDMY), and Nerdy, Inc. NYSE: NRDY).

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Facebook Seems to Be Adding Video-Course Features. For Edtech, That Raises Old Fears.

Edsurge

Facebook Classes has been compared to Udemy, an online course platform which raised hundreds of millions of dollars during the pandemic based on the idea that anyone can teach video classes. Either way, Meta’s possible entrance into the market plays into a long-standing fear of big tech in the edtech industry.

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Ka’Ching! 2016 US Edtech Funding Totals $1 Billion

Edsurge

edtech companies, which altogether raised an estimated $1.03 edtech companies raised roughly 57 percent of what Snapchat did in its $1.8 Since 2010, venture funding dollars for U.S. edtech startups have increased every consecutive year. Udemy did lead this pack in 2016 with a $60 million round.). million).

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Can a Subscription Model Work for Online Learners and Teachers? Skillshare Just Raised $28M to Find Out

Edsurge

Founded in 2010, Skillshare initially offered an online platform for users to find and teach in-person classes. Udemy, founded the same year, now claims to have 24 million students and 35,000 teachers across the world, and recently opened up an office in Brazil this summer. Then we’re going work toward cashflow positive.”

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The Still-Evolving Future of University Credentials

Edsurge

College enrollment has been on the decline, dropping 7 percent between 2010 and 2018. Quarter after quarter, the results of a growing roster of publicly traded edtech companies—including Udemy, Coursera, 2U, and Duolingo, for example —symbolizes the market demand for lifelong learning and upskilling.

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?Filling the Other Skills Gap

Edsurge

The collection of edtech companies aimed at prepping educated, but still underprepared workers represents a virtual stampede of unicorns. The likes of Coursera, Udacity, Udemy, MasterClass, Lynda, and Pluralsight have together raised more than $1 billion and represent combined enterprise value of more than $5 billion.

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